You Ask, Fitzpatrick Answers: Gold, Financials

Update from March 11

Throughout the trading week on Stockpickr Answers, investing professionals answer questions posed by members of the Stockpickr community. (Not a member? Join the Stockpickr community today -- free.)

This week, Dan Fitzpatrick (RealMoney contributor) responded to a round of timely questions.

Here are a few of those questions and Fitzpatrick's answers.

How do you feel about gold (and the miners) here?

Fitzpatrick: They have been safe havens for people who did not know what else to do. But they need to come in a lot more before they're free to move higher. I still like the SPDR Gold Trust (ETF) (GLD), the Market Vectors Gold Miners ETF (GDX) and several of the miners. To read more, visit Stockpickr.com.

In Thursday trading, shares of the gold ETF closed at $91.10 (up 2.11% for the day; down 1.29% for the week). Shares of the gold miners ETF closed at $36.28 (up 4.28% for the day; down 0.61% for the week).

What do you think about the uptick rule being reinstated? Is this an effective long term fix for the market turmoil?

Fitzpatrick: Yes, I think the uptick rule should be reinstated. Chris Cox was a shill for Wall Street. To read more, visit Stockpickr.com.

Which one of your own [trading] rules do you find the most difficult for you to follow?

Also, what do you do (if anything) to actively try to improve on this and enhance your discipline?

Fitzpatrick: The most difficult rule for me to follow is to avoid overtrading... Doing that always costs me money. To read more, visit Stockpickr.com.

Do you chart Direxion Financial Bull 3X Shares (FAS) and Direxion Financial Bear 3X Shares (FAZ)?

Fitzpatrick: No. They're just super leveraged ETFs. To read more, visit Stockpickr.com.

Do you want to ask Fitzpatrick a question? He'll be back on Stockpickr Answers on Tuesday, Mar. 17.

Who's scheduled to be on Stockpickr Answers next?

Friday, Mar. 13: David Peltier

To interact, join the Stockpickr community today -- free.

Plus, don't miss Stockpickr's latest editions of "Cramer's Take on Top-Searched Stocks" and "Dividend Stocks for the Week."

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